On the recordFebruary 2, 2012
I thank the Senator for that clarification. In addition to the precise wording of amendment 1483 and clear congressional intent that the phrase used in the new Criminal Code section not be imported to Federal securities law, the definition actually used in your amendment has no applicability or relevance to the materiality considerations that arise in insider trading cases. I ask Senator Cornyn, does he agree with Senator Leahy regarding our discussion of the amendment?
